NICE Appoints Barak Eilam As Its New Chief Executive Officer

Barak Eilam has served in a variety of executive positions within NICE, managing different aspects of the business

NICE Systems recently announced that its Board of Directors appointed Barak Eilam, President of NICE Americas, as its new Chief Executive Officer to succeed Zeevi Bregman, who is retiring from his position to pursue personal interests. The transition is expected to take place by the end of April, 2014.

Barak Eilam is currently the President of NICE Americas, which is a $500 million per year business. Prior to this position, Mr. Eilam was the head of sales and the general manager of the Enterprise Group in the Americas. Earlier in his career, he founded and served as the general manager of the NICE Interaction Analytics Global Business Unit. In his 15 years with NICE, Mr. Eilam has served in a variety of executive positions within NICE, managing different aspects of the business in product development, sales and marketing and services.

“Barak has a strong track record of building businesses and delivering results, and has been a major contributor to the growth and success of NICE. Throughout Barak’s career, he has demonstrated great ability in leading organizations, including product and sales teams, and introducing new technologies and innovation,” said David Kostman, Chairman of the Board of Directors of NICE Systems. “Barak's appointment is a clear demonstration of the depth of management talent at NICE. I am confident that he is the right person to enable NICE to capitalize on the many opportunities in the market, and lead the Company to continued growth in years to come.”

Mr. Kostman continued, “On behalf of the Board of Directors, I want to thank Zeevi for the significant contributions he has made to NICE over the last five years. Under Zeevi’s leadership the Company has grown substantially, just recently crossing the $1 billion mark in bookings. The Company solidified its strategy and has evolved to become a leading provider of analytic based advanced applications. Zeevi has built a strong management team and a winning culture, setting a solid foundation for future growth and success.”

"I am very excited to be appointed as the new CEO of NICE and to lead its winning team and highly skilled management,” said Mr. Eilam. “NICE is a successful, innovative and strong company, with great people, cutting-edge technologies, and loyal customers and partners. I am very much looking forward to the many opportunities ahead.”

“After almost five rewarding years at NICE, I have decided to retire from my position as President and CEO to allow more time to pursue personal interests,” said Zeevi Bregman. “NICE is an industry leader with a strong market position, solid financials and great people and technology, and I am confident that Barak, together with NICE’s strong management team, will continue to lead NICE on the path to future growth and success. I am looking forward to supporting Barak with the transition process and remaining on the Company's board. I wish Barak and the entire NICE family continued success.”